Chinese Government May Scuttle Tengzhong’s Hummer Bid

Chinese Government May Scuttle Tengzhong’s Hummer Bid

HUMMER’S SALE to Sichuan Tengzhong is mere months away from being finalised, however it appears there’s now one heck of a hurdle for the two companies to overcome.

A Chinese state-controlled news outlet, Shanghai Securities News, is reporting that the central government is likely to scuttle Tengzhong’s plans for the acquisition, fearing it goes against the [...]

With some cars and SUVs now boasting race-car power, which of the following is closest to your MOST STRONGLY-HELD view:

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